I’m trying to study for my Accounting course and I need some help to understand this question.

This is Derivative Securities Assignment(investigation report) .You need to revise my essay. There is a requirement in the file. Please read the requirement very carefully, and you must read and watch the web page link. There are three files. First one is requirement. The second on is my essay. The third one is one of material. There are 12 questions, I only write question 4. “How do VIX futures contracts work?” You need revision this part. In my essay, I wrote mainly about future work. You can add some content about VIX. So focus on VIX futures contracts work. The following website also hosts helpful information. http://www.cboe.com/vix. Please use academic language and knowledge to answer. Master level. Thank you.